StockNews.com Begins Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com began coverage on shares of Tempur Sealy International (NYSE:TPX) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts have also issued reports on the stock. Truist Financial lifted their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wedbush reaffirmed an “outperform” rating and issued a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. KeyCorp upped their target price on Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Piper Sandler raised their price target on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Bank of America boosted their price target on Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $72.75.

Tempur Sealy International Price Performance

The firm has a 50-day simple moving average of $59.48 and a 200 day simple moving average of $54.63. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $11.94 billion, a P/E ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $69.55.

Institutional Trading of Tempur Sealy International

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Tempur Sealy International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 16,271,097 shares of the company’s stock worth $922,408,000 after acquiring an additional 179,955 shares during the last quarter. FMR LLC boosted its position in Tempur Sealy International by 4.4% during the fourth quarter. FMR LLC now owns 9,062,453 shares of the company’s stock worth $513,750,000 after purchasing an additional 384,094 shares during the period. State Street Corp increased its holdings in shares of Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP increased its holdings in shares of Tempur Sealy International by 17.8% in the fourth quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock valued at $273,494,000 after purchasing an additional 729,200 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its position in shares of Tempur Sealy International by 0.3% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 4,238,753 shares of the company’s stock valued at $240,295,000 after purchasing an additional 14,233 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.